The Paraguayan group Concepción, known for its strong presence in the Mercosur beef market, is completing a US$ 360 million expansion to strengthen its pork operations in Paraguay and Brazil. As a result, the division could double its annual revenue to US$ 400 million, according to Renan Lima, CEO of BMG Foods, the Brazilian subsidiary of the group founded by Jair Lima.
With total revenues close to US$ 2 billion, 90% still comes from the beef business, but the company is betting on diversification.
In Paraguay, it is building the Incka Foods plant —the country’s largest pork processing facility— with a slaughter capacity of 2,500 head per day starting in 2026. The group is also expanding its El Nido breeding farm to 15,000 sows, which will allow production of 370,000 piglets per year.
The plan aims to export 90% of production, mainly to Taiwan and the Philippines, with the remainder destined for the domestic market in processed products such as sausages, hams and bacon. In Brazil, BMG Foods has invested US$ 180 million in a breeding farm in Paraná and in two plants in Iporã (PR) and Grão Pará (SC), where slaughter capacity was raised to 2,500 pigs per day and approval was obtained to export to Chile.
Lima emphasized that despite entering the sector during an adverse period in 2022, the decision “was made at the right time.” Currently, the group’s pork operations are running with 20% margins, above the consolidated EBITDA margin of 12%. After a period of strong investment, Concepción expects to generate cash and reduce debt starting in 2026.
Source: TheAgriBiz